All central banks that issue a sovereign currency:
They can never go broke and could operate without problems with permanent negative equity.
They are not profit-seeking companies owned by shareholders.
They are part of the currency-issuing governments (or in the special case of the ECB, the currency issuer in a system where the elected governments use the ECB’s currency).
Compared with the third quarter of 2019, the government debt to GDP ratio rose in both the euro area (from 85.8% to 97.3%) and the EU (from 79.2% to 89.8%): the increases are due to […]
When ever there is high inflation it is used as proof that Modern Monetary Theory is debunked. This is the case in Turkey. The real culprit is the neo-liberal policy of the IMF Read here
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